Nassau IDA helps Penn Toyota create jobs

Greenvale-based Penn Toyota will get tax breaks from the Nassau County IDA to help the 35-year-old dealership make the necessary renovations and expansions needed to comply with national Toyota standards.

The renovation allows Penn Toyota to retain 59 current jobs, create 50 new construction jobs and add 20 new full-time private sector jobs, according to a statement.

The investment in job creation – 129 private sector and construction jobs – represents a $19 million boost to the local economy, Nassau County Executive Ed Mangano’s office said.

“Penn Toyota approached the IDA with a clear choice. Either we find a way to help them renovate or they would close up shop,” Joseph Kearney, Nassau IDA’s executive director, said in the statement. “The IDA is in the business of finding creative solutions to retain and create jobs in Nassau County.”

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“Penn Toyota approached the IDA with a clear choice. Either we find a way to help them renovate or they would close up shop,” Joseph Kearney, Nassau IDA’s executive director, said in the statement. “The IDA is in the business of finding creative solutions to retain and create jobs in Nassau County.”

And of course, the county caved into this cheap threat which probably wouldn’t have been acted upon, so all of us in Nassau County now subsidize this used car salesman.

I would just LOVE our DA to look into this one- but our DA is a tool and an coward, and is afraid of West Streetnthsit

About the Author

David Winzelberg covers real estate, franchising, and white-collar crime for Long Island Business News.